The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-02-04
The STATE OF TRADE.
ALL BRANCHES IN AN ENCOUR-
AGING CONDITION.
Financial Prospects Favorable, Col
leeiiOns Fair-LabOr Question
Nearing Settlement.
A YOUNG MOTHER SENTENCED TO
FIVE YEARS
Imprisonment for Killing Her New
Bern Babe-An Attempted Sui
ciGe at Brownsville.
ESPECIAL TO TIE APPEAL.I

lhPEOiAL TO TIE APPEAL.I
PHILADELPHIA, Pa, February g.
The makers and users OF iron &C d steel
are considerably sgitated over the in
creasing probabilities Of heavy impor-
tations at an early date. Already con-
tracts have been placed for about 300,-
600 tons of foreign material, one
house alone (NaylCr & Coz having
placed orders abroad for over 100000
tons Of steel. Meanwhile, the Ameri-
can iron and steel making capsciy is
being expanded at an enormous rate
to overtake the demand before foreign
makers invade American markets.
BIitieh exrorts to the United States
were 3j7 686 tons in 1885 and S02 682
tons in 1885. This year, in spite of
protection, 1,25O,000 tons will be i'm
pirled. Prices have advanced all
along the line, aud new mills aud ex.
tensions are to be ballt as soon as pos.
sible. Foundry iron has advanced So
D r ton in two months, bar iron 81 per
IoD and steel rails So per ton, bridge
iron S6 per ton and nails 20 Cents per
keg.
Breadstuffs and provisions are act
i've, but are not advancing. Wheat is
excited in market parlance. The prob.
abilities of foreign wsr are kept 10
sight. The visible stocks throughout
the world are about the same ss last
year. Yves ern millers are storing
wheat Throughout the East all mar
ksts are quiet and firm. The dry
goods markets are active and the tex.
tile mills all over the East are working
hard TO fill orders and make up stock.
Labor troubles are settled generally
Carpets are low. Hosiery goods G
up on fine grades and 20 per cent.
lower than las. year at jobbing prices
on cheap grades Of Jerseys. Cassimeri
and wcrsteds will not decline. Wool
is active and once more advancing.
Boots and shoes are less active and
leather is chespeniDg under heavy
production and liberal offerings. Car
riage and wagon makers are running
all through the East with full force
of hands. The glass factories OF all
kinds are busy and orders are crowd
iug in.
The building interests are preparing
for busy season. Lumber, hardware
cement, laths, shingles, slate, etc., are
being contracted for now to protec
builders on contracts. Over 500, 900,
900 will be expended in Boston, New
York, Philadelphia and Chicago thii
year. The labor question is in process
Of amicable adjustment in all the lead
ipg cities. kilograms today indicate {
strong probability of peace. No eigh
hour agitations are at present contsm
plated, except on small scale in Cli
Cago and Milwaukee.
The trade and financial prospects
are favorable. Collections continue
fair, but merchants and manuiactur
ers are protecting themselves by SHARP
notes and shorter credits where there
is occasion for apprehension. Money
is flowing to Eastern centers In /
general way the country will entel
upon the spring trade with lgh
stocks, and all mills and factorie
oversold for weeks to months. Thii
assures steady demand and good price,
all through 1887. Railroad building
will be prosecuted with unheard {
v'gor, and colossal enterprises will b.
insugursted during the second quar-
ter of tbs year. The Panama Cana
will be opened without doubt in 1889
There are now 10000 men on tn
Isthmus. Four hundred and fifteel
miles Ct railroad have been built t
iaci itate The cultr G { + the canal,
distance equal to that between New
York and Pitisburg, There are a
work l75. engines, 14,000 care, 2
steamers, 200 vessels, 304 small iroi
works, As drays, SO herculean exca
vators, 36 powerful perforators, 46
imm ense pumping engines and ZOO
lamps for night work.